Payroll Tax Chapter 6 Exam -Questions with Correct Answers/ Latest Version (2024/2025)/ 100% Pass
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Course
Payroll
Institution
Payroll
1. An employee's marital status and number of withholding allowances never appear on the
payroll register.
a. True
b. False - ANSWER: False
2. Companies usually provide a separate column in the payroll register to record the
employer's payroll taxes.
a. True
b. False - ANSWER: False
3. An e...
Payroll Tax C hapter 6 Exam -Questions with Correct Answers/ Latest Version (2024/2025) / 100% Pass 1. An employee's marital status and number of withholding allowances never appear on the payroll register. a. True b. False - ✔✔ANSWER: False 2. Companies usually prov ide a separate column in the payroll register to record the employer's payroll taxes. a. True b. False - ✔✔ANSWER: False 3. An employer will use the payroll register to keep track of an employee's accumulated wages. a. True b. False - ✔✔ANSWER: False 4. In order to prepare Forms W -2, an employer would utilize the employee's earnings record. a. True b. False - ✔✔ANSWER: True 5. Once the journal entry for the payroll is complete, the information is posted to the appropriate general ledger accounts. a. True b. False - ✔✔ANSWER: True 6. Deductions from gross pay in the payroll register are reflected on the credit side of the journal entry to record the payroll. a. True b. False - ✔✔ANSWER: True 7. If wages are paid weekly, postings to the employee 's earnings record would be done once a month. a. True b. False - ✔✔ANSWER: False 8. Each payday, the total of net pays that the employer incurs is the wage expense that must be debited. a. True b. False - ✔✔ANSWER: False 9. Tax withholdings from emp loyees' pays reduce the amount of the debit to Salary Expense in the payroll entry. a. True b. False - ✔✔ANSWER: False 10. The wage and salaries expense account is an operating expense account debited for total net pay each payroll period. a. True b. False - ✔✔ANSWER: False 11. FIT Payable is a liability account used to record employees' withheld federal income tax and also the employer's match of that tax. a. True b. False - ✔✔ANSWER: False 12. A debit to the employees FIT payable account remo ves the liability for the amount of federal income taxes withheld from employees' wages. a. True
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